Commodities

Are Commodity Prices Going Up? A Review Of Lumber, Cash Crops, And Iron Ore

Some interesting factors are currently affecting commodity prices. Supply chain bottlenecks, unpredictable demand from economies reopening, geo-political tensions, climate change policies are just a few examples. I find it helpful to review the state of the commodities market periodically. In...

When Might The Price Of Natural Gas Decompress?

Traders that have taken a long position on Natural Gas will have been feeling lighter than air for the better part of 2021. Remarkably, the trading price of Natural Gas has rocketed up 115% since the beginning of the year,...

Silver Hits Fresh New Lows For 2021

Silver got no love last week, suffering its worst week in thirteen weeks, and raking up a fourth straight month of losses. After losing US $1.35/t.oz between September 13 and September 18, the metal closed on Friday at US $22.38/t.oz....

Has Palladium hit rock bottom?

Palladium is currently trading at USD 1,974/t.oz, a 13-month low for the soft silver-white mineral. In August 2020, Palladium was trading at such a price before it shot up within a hair’s width of USD 3,000/t.oz. The metal’s current price...

AUD; Are you trading the commodity currency?

The Australian Dollar (AUD) is commonly referred to as a commodity currency. As in, the relative strength of the currency is correlated with the price of certain commodities. For the AUD, Iron Ore and precious metals are the commodities that...

Gold flip-flops, in lead up to Jackson Hole Symposium

Gold is looking for a resting place ahead of a significant event this Friday. The Jackson Hole Symposium where the Fed Reserve Chair Jerome Powell’s will address an audience. Gold is currently priced at ~$1,790 after breaking down after a...

Afghanistan Conflict and Commodity Prices

The political, social, and military turmoil currently occurring in Afghanistan will have wide-ranging consequences. Some of which have, of course, already played out. Some will play out over a more extended period....

Can Silver Break Its Trading Range?

Silver has rejected prices lower than $21.5 and higher than ~$30.0 for more than a year now. What it hasn’t done is crossed below its 50-day simple moving average in this time. We might expect a very strong retest of...

Trading Gold Next Week? What you need to know

The Gold trading calendar: First up to the plate is Britain’s unemployment rate which is due on Tuesday 17 August. The unemployment rate is expected to drop from 4.8% to 4.7%, according to fxstreet. Undoubtedly, not a huge market-moving figure,...
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